The world’s super rich, according to a new report, are squirreling away phenomenal quantities of their cash in secret tax havens. By Sam Pizzigati Are America’s rich getting richer? Certainly. Every official yardstick shows that America’s most affluent are upping their incomes much faster than everyone else. How fast? Between 1980 and 2010, note economists …
Tag Archive: tax
Permanent link to this article: http://www.easttexasreview.com/marching-towards-greater-inequality/
Jul 21
Personal financial change: adjust withholdings
According to Clay Sanford, IRS spokesman one should try to have their income tax withholding match actual tax liability. If not enough tax is withheld, you will owe tax at the end of the year and may have to pay interest and a penalty. If too much tax is withheld, you will lose the use …
Permanent link to this article: http://www.easttexasreview.com/personal-financial-change-adjust-withholdings/
Jul 21
Shameless tax loopholes
Sen. Lindsey Graham says tax-avoiding gimmicks are “American.” By William A. Collins Don’t just hang Your head and moan, Buy a loophole Of your own. One intriguing aspect of today’s taxation debate is that it’s so shameless. Republican leaders aren’t embarrassed in the slightest to shill for the rich. Consider this gem from Sen. Lindsey …
Permanent link to this article: http://www.easttexasreview.com/shameless-tax-loopholes/
Jul 16
Economic rapture might be around the corner
If the deficit disappears, our economic nightmare might finally come to an end. By Salvatore Babones It’s January 25, 2001, the first week of the Bush presidency and more than half a year before the September 11 attacks. Federal Reserve Chairman Alan Greenspan testifies before the Senate Budget Committee, asserting: “If current policies remain in …
Permanent link to this article: http://www.easttexasreview.com/economic-rapture-might-be-around-the-corner/
Jul 03
LGBT couples often face additional financial hurdles
By Jason Alderman Lesbian, gay, bisexual and transgender (LGBT) couples – and individuals – often face significant financial hurdles compared to their heterosexual counterparts. According to Chris Kollaja, a certified public accountant and partner at A.L. Nella & Company in San Francisco, California, LGBT couples often incur higher costs for everything from income taxes to …
Permanent link to this article: http://www.easttexasreview.com/lgbt-couples-often-face-additional-financial-hurdles/
Jul 02
Save austerity measures for the next boom
Obama should reject the conservative mantra that equates government and family spending. By Donald Kaul There are two competing theories on how to pull us out of the economic slump we’re in, but you’d hardly know it from the debate going on in Washington. Conservatives, who want us to cut our way to prosperity, keep drowning …
Permanent link to this article: http://www.easttexasreview.com/save-austerity-measures-for-the-next-boom/
Jun 11
Tax amnesty deadline looms
Texas Comptroller reminds businesses of upcoming tax amnesty period Texas Comptroller Susan Combs is reminding businesses they can soon begin clearing up their tax records without penalty and interest when the state’s Fresh Start tax amnesty period begans June 12. The tax amnesty covers taxes and fees that were originally due before April 1, 2012. Businesses …
Permanent link to this article: http://www.easttexasreview.com/tax-amnesty-deadline-looms/
May 29
Social Security’s dual-income trap
Families with two breadwinners can end up paying more than twice as much in Social Security taxes as families with just one income. By Salvatore Babones U.S. workers have paid a reduced Social Security tax rate of 4.2 percent for the past year and a half, down from the ordinary rate of 6.2 percent. For …
Permanent link to this article: http://www.easttexasreview.com/social-securitys-dual-income-trap/